Property Investment Exchange launches Propex Professional

Propex Professional, the latest version of the investment exchange adopted by a large part of the UK investment exchange adopted by a large part of the UK Investment market, was launched by The Property Investment Exchange in June.

It follows 12 months of substantial progress for the company, during which time Propex has become the preferred method of introduction of investments for more than 250 fund managers and investors across the UK. With over 750 agents also now using the exchange, it is fast becoming the accepted electronic medium through which investment deals are communicated in the professional market.

Propex Professional is a giant step towards providing the property investment professional with a screen based system, which delivers deals, news and research in an integrated manner to the desk-top of every user. As well as a method for introducing and exchanging deals data around the market, the new release provides users with comparables, research and news related to each property on the Exchange. The new version also introduces ‘Propex General Release’ – a general listing facility for those properties being openly marketed by Propex agency members.

Iain Reid, Chief Executive of API, believes that the new product will be well received by the investment market. “Propex Professional makes the investment transaction process more efficient for all involved – the amount of data that is instantly available on the Propex screens is impressive. This means the analysis of deals can be carried out more quickly which should speed up the investment decision-making process.”

Paul Marples, Managing Director of Property Investment Exchange, has high hopes for the new product. “Propex Professional brings together all the information needed by the investment agent and investor. The key component is the deals – we are now seeing in the order of 500 deals being passed securely through the exchange every 2 weeks – and the rate of growth is accelerating fast.”

He adds “With over 1,000 people now using the Exchange, we can start to deliver more and better investment information to an ever wider market of investment professionals. We have listened hard to the opinions and advice of those Investors and Agents that have supported us – and we are making huge efforts to provide a service that will be an integral part of the UK investment market. I believe that Propex Professional is a communication tool that everyone in the investment market will find of genuine help in their day-to-day business dealings.”

“The aim is that eventually anyone involved in the UK property investment market, whether they be involved in the direct or indirect market, will want Propex open on their desk-tops as their main market information tool”.

In order to handle the growing requirements for training and support, The Property Investment Exchange has moved to 28 St George St, London W1, just off Hanover Square, where there is a new presentation and training suite. Anyone is welcome to drop to get up-to-date training or assistance. For further information on Propex Professional, please call 0845 230 2309.